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OpenAI executives working on Stargate say that it costs about $50B to build a data center with roughly 1 GW of capacity, with $35B going toward AI chips (Shirin Ghaffary/Bloomberg)

Shirin Ghaffary / Bloomberg : OpenAI executives working on Stargate say that it costs about $50B to build a data center with roughly 1 GW...

27 September 2025

Fermi, a data center REIT co-founded by Rick Perry, aims to raise $550M in its IPO at a $13.16B valuation, offering 25M shares priced between $18 and $22 each (Arasu Kannagi Basil/Reuters)

Arasu Kannagi Basil / Reuters:
Fermi, a data center REIT co-founded by Rick Perry, aims to raise $550M in its IPO at a $13.16B valuation, offering 25M shares priced between $18 and $22 each  —  Fermi, co-founded by former U.S. Energy Secretary Rick Perry, is targeting a valuation of up to $13.16 billion …

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